DavyMarkham Brochure

1. 7RWDO (QJLQHHULQJ &DSDELOLW $OO RX QHHG WR NQRZ LV LWV« 3URMHFW PDQDJHPHQW 'HVLJQ )DEULFDWLRQ 0DFKLQLQJ 3UHDVVHPEO 2QVLWH LQVWDOODWLRQ $IWHUVDOHV VHUYLFH 8SJUDGHV 6KHIILHOG %XVLQHVV $ZDUGV :LQQHUV 7KH UHDWLYH 6KHIILHOG 6KHIILHOG KDPSLRQ $ZDUG 7KH %DUFODV 2XWVWDQGLQJ %XVLQHVV RI WKH HDU $ZDUG 7KH 5HQVEXUJ 6KHSSDUGV %XVLQHVV 3HUVRQ RI WKH HDU $ZDUG .HYLQ 3DUNLQ ZZZGDYPDUNKDPFRP

2. $ERXW 8V *URXS 6WUXFWXUH 7XUQRYHU EQ (PSORHHV ,95/ $VVHWV DQG $ONRU 3HWURR /WG +ROGLQJV /WG 7XUQRYHU P (PSORHHV KHQQDL :DWHU 7XUQRYHU …P (PSORHHV 2UJDQLVDWLRQDO 6WUXFWXUH ,95/ +'2 0$1$*,1* ',5(725 .HYLQ 3DUNLQ ',5(725 2) 6$/(6 ',5(725 2) ',5(725 2) ),1$1( $'0,1,675$7,21 0$5.(7,1* (1*,1((5,1* 2175$76 352'87,21 ',5(725 203$1 6(5(7$5 *RUGRQ 6FRWW 0LNH 5RERWKDP -RKQ :DWVRQ 'XQFDQ +D 0$5.(7,1* 48$/,7 +($/7+ 217,18286 ,163(7,21 $6685$1( 6$)(7 ,03529(0(17 -DFNLH RRN 'HUHN RRSHU 7HUU *UHHQ 3HWH URVV KULV $EUDKDP 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

3. ID[

4. ZZZGDYPDUNKDPFRP 5HJLVWUDWLRQ 1R

5. .H IDFWV 7XUQRYHU …P 1XPEHU RI HPSORHHV )XOO WLPH VWDII 1XPEHU RI DSSUHQWLFHV 0DQXIDFWXULQJ DUHD VT IW RU VT P /LIWLQJ FDSDFLW 7RQQH 0D[ KHLJKW LQ DVVHPEO ED P WR WKH IORRU RI SLW P WR WKH IDFWRU IORRU 9$7 QR *% RPSDQ UHJLVWHUHG QR %ULHI KLVWRU 0DUNKDP 'DY KHVWHUILHOG

6. 6KHIILHOG

7. 2ULJLQDOO IRXQGHG $FTXLUHG E -RKQ %URZQ $FTXLUHG E 7UDIDOJDU +RXVH $FTXLUHG E .YDHUQHU $6$ (QHUJ

8. 0HWDOV

9. RPELQHG PDQXIDFWXULQJ EXVLQHVV EDVHG LQ 6KHIILHOG

10. 0HWDOV 7HFKQRORJ VROG WR 9$, 3DUW RI .YDHUQHU ( 8.

11. /WG 5HQDPHG $. +HDY (QJLQHHULQJ 5HQDPHG 'DY0DUNKDP /LPLWHG 0%2 %DFNHG E (QGOHVV //3 -XO $FTXLUHG E ,95/ *URXS DQG +LQGXVWDQ 'RUU2OLYHU 0DUFK ZZZOLQNHGLQFRP 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

12. ID[

14. +RZ WR ILQG XV )URP 7KH 1RUWK 0 - x ([LW 0 DW -XQFWLRQ UG x $W WKH URXQGDERXW WDNH WKH H[LW VLJQSRVWHG 7LQVOH /RZHU OHYHO RI 7LQVOH 9LDGXFW

15. WK x $W WKH URXQGDERXW WDNH WKH H[LW VLJQSRVWHG $ KHVWHUILHOG 6KHSFRWH /DQH

16. )URP 6RXWK (DVW 0 - x 6WUDLJKW RQ WKURXJK ILUVW VHW RI WUDIILF OLJKWV x ([LW 0 DW -XQFWLRQ 7R 0HDGRZKDOO x $W WKH WUDIILF OLJKWV MXQFWLRQ RQWR WKH $ x )ROORZ $$ 6KHIILHOG 3DUNZD DQG 0 - WXUQ OHIW VLJQSRVWHG KHVWHUILHOG x 7XUQ RII RQ VOLS URDG PDUNHG $ x RQWLQXH RQ WKLV URDG XQWLO RX FRPH XQGHU 3ULQFH RI :DOHV 5RDG VLJQHG IRU WKH UDLOZD EULGJH DQG WKH HQWUDQFH LV 6KHIILHOG $UHQD LPPHGLDWHO RQ RXU OHIW x (QWHU WKH ZRUNV WKURXJK WKH VHFXULW HQWUDQFH MXVW EHIRUH WKH UDLOZD EULGJH 7R 0 - 7R 6KHIILHOG 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

17. ID[

19. .H FRQWDFWV .HYLQ 3DUNLQ 0DQDJLQJ 'LUHFWRU 'LUHFW 7HO

20. 0RELOH

21. (PDLO NHYLQSDUNLQ#GDYPDUNKDPFRP 0LNH 5RERWKDP ± 'LUHFWRU RI (QJLQHHULQJ 'LUHFW 7HO

22. 0RELOH

23. (PDLO PLNHURERWKDP#GDYPDUNKDPFRP -RKQ :DWVRQ ± 'LUHFWRU RI 3URGXFWLRQ 'LUHFW 7HO

24. 0RELOH

25. (PDLO MRKQZDWVRQ#GDYPDUNKDPFRP *RUGRQ 6FRWW ± 'LUHFWRU RI 6DOHV 'LUHFW 7HO

26. 0RELOH

27. (PDLO JRUGRQVFRWW#GDYPDUNKDPFRP 'DYH 3DQWOLQJ ± 6HQLRU 6DOHV 0DQDJHU 'LUHFW 7HO

28. 0RELOH

29. (PDLO GDYHSDQWOLQJ#GDYPDUNKDPFRP %RE +DQFRFN ± 5HIXUELVKPHQW 0DQDJHU 'LUHFW 7HO

30. 0RELOH

31. (PDLO EREKDQFRFN#GDYPDUNKDPFRP 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

32. ID[

34. .H FRQWDFWV 3DXO 0DGLQ ± 7HFKQLFDO 0DQDJHU 'LUHFW 7HO

35. 0RELOH

36. (PDLO SDXOPDGLQ#GDYPDUNKDPFRP 'HUHN RRSHU ± 4XDOLW $VVXUDQFH 0DQDJHU 'LUHFW 7HO

37. 0RELOH

38. (PDLO GHUHNFRRSHU#GDYPDUNKDPFRP 7HUU *UHHQ ± +HDOWK 6DIHW 0DQDJHU 'LUHFW 7HO

39. 0RELOH

40. (PDLO WHUUJUHHQ#GDYPDUNKDPFRP 6WXDUW 'HQQLV ± 3XUFKDVLQJ 0DQDJHU 'LUHFW 7HO

41. 0RELOH

42. (PDLO VWXDUWGHQQLV#GDYPDUNKDPFRP 3HWH URVV ± RQWLQXRXV ,PSURYHPHQW 0DQDJHU 'LUHFW 7HO

43. 0RELOH

44. (PDLO SHWHFURVV#GDYPDUNKDPFRP -DFNLH RRN ± 0DUNHWLQJ ([HFXWLYH 'LUHFW 7HO

45. 0RELOH

46. (PDLO MDFNLHFRRN#GDYPDUNKDPFRP 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

47. ID[

49. 6HUYLFHV 3URMHFW 0DQDJHPHQW :LWK SURMHFWV EHFRPLQJ PRUH FRPSOH[ ILQDQFLDOO WHFKQLFDOO DQG ORJLVWLFDOO WKH UROH RI WKH SURMHFW PDQDJHU KDV EHFRPH NH WR VXFFHVVIXO FRQWUDFW H[HFXWLRQ 2XU SURMHFW PDQDJHPHQW WHDP HQVXUH WKDW DOO FRQWUDFWV DUH GHOLYHUHG VXFFHVVIXOO LQ WHUPV RI IXOILOOLQJ WLPH FRVW TXDOLW DQG VDIHW UHTXLUHPHQWV 2XU H[SHULHQFH VSDQV DOO SKDVHV RI FRQWUDFW H[HFXWLRQ IURP IURQW HQG GHVLJQ WKURXJK WR GHWDLOHG GHVLJQ DQG PDQXIDFWXUH WR RQVLWH LQVWDOODWLRQ FRPPLVVLRQLQJ DQG ILQDO KDQGRYHU (DFK FRQWUDFW LV DVVLJQHG D GHGLFDWHG SURMHFW PDQDJHU ZKR SURYLGHV D SULPDU SRLQW RI FRQWDFW IRU WKH FOLHQW 7KH FRQWUDFWV DUH PDQDJHG SURDFWLYHO WR HQVXUH WKDW WKH FOLHQW¶V UHTXLUHPHQWV DQG REMHFWLYHV DUH XQGHUVWRRG FOHDUO GHILQHG DQG PHW LQ IXOO 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

50. ID[

52. 6HUYLFHV (QJLQHHULQJ 'HVLJQ 'DY0DUNKDP RIIHUV D FRPSOHWH GHVLJQ VHUYLFH IURP FRQFHSW WR ILQDO FRPPLVVLRQLQJ 2XU WHDP RI IXOO TXDOLILHG DQG KLJKO VNLOOHG HQJLQHHUV VXSSRUW D ZLGH UDQJH RI DSSOLFDWLRQV DQG LQ KRXVH WHFKQRORJ 8WLOLVLQJ WKHVH ODWHVW PHWKRGV DQG WHFKQRORJLHV WKH ZRUN WR VXSSRUW DQ LQWHUQDWLRQDO FXVWRPHU EDVH VSHFLDOLVLQJ LQ PHFKDQLFDO HOHFWULFDO KGUDXOLF DQG FRQWURO HQJLQHHULQJ 7KH DUH DEOH WR SURYLGH x )HDVLELOLW VWXG SURGXFW GHYHORSPHQW DQG SURWRWSLQJ x 'HVLJQ FDOFXODWLRQV DQG YHWWLQJ x RQFHSW WR GHWDLO GHVLJQ x )LQLWH HOHPHQW DQDOVLV DQG YDOXH HQJLQHHULQJ DQG x 6SHFLDOLVW WHVWLQJ DQG GHYHORSPHQW RPSXWHU 'HVLJQ 0RGHOOLQJ 6LPXODWLRQ 6LQFH 'DY0DUNKDP WKURXJK LWV GHVLJQ GHSDUWPHQW KDV EHHQ DEOH WR SHUIRUP FRPSOH[ DQDOVLV XVLQJ )LQLWH (OHPHQW 6LPXODWLRQ 7KLV LQKRXVH IDFLOLW HQDEOHV D UDQJH RI DQDOVHV WR EH SHUIRUPHG 2XU GHVLJQ DQG PHWKRGRORJLHV XWLOLVH WKH ODWHVW SURSULHWDU GHVLJQ VRIWZDUH DORQJ ZLWK VSHFLDOO GHYHORSHG GHVLJQ WRROV DQG WKH ILQLWH HOHPHQW DQDOVLV FDSDELOLW 7KHVH LQFOXGH x ' VROLG DQG 6KHOO 7SH 6WUXFWXUHV x 6HLVPLF DQG 0RGDO $QDOVLV x )DWLJXH OLIH $VVHVVPHQW DQG x 7KHUPDO 0RGHOOLQJ 0HFKDQLFDO 2XU PHFKDQLFDO GHVLJQ WHDP KDV WKH WHFKQLFDO VNLOOV DQG H[SHULHQFH WR SURYLGH 6VWHPV DQG 6HUYLFHV IRU D ZLGH UDQJH RI LQGXVWULHV 7KHVH LQFOXGH x 0LQLQJ DQG WXQQHOOLQJ x LYLO RQVWUXFWLRQ LQFOXGLQJ PRYLQJ EULGJHV x 6WHHO DQG PHWDO SURFHVVLQJ x :DWHU FRQWURO VWRUDJH DQG EDUULHU VROXWLRQV x 3RZHU JHQHUDWLRQ LQFOXGLQJ ZLQG SRZHU DQG KGUR SRZHU x 1XFOHDU VWRUDJH DQG PRYHPHQW x 5HQHZDEOH (QHUJ DQG x 6SHFLDO SURMHFWV RI DOO WSHV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

53. ID[

55. 3URMHFWV UDQJH IURP YDOXH HQJLQHHULQJ RI D VLQJOH FRPSRQHQW SLHFH WR FRPSOHWH GHVLJQ RI FRPSOH[ PDFKLQHU (OHFWULFDO 7KH HOHFWULFDO GHVLJQ RXU WHDP KDYH H[SHUWLVH LQ D EURDG UDQJH RI HOHFWULFDO DQG FRQWURO DFWLYLWLHV ZKLFK LQFOXGH x 'HVLJQ VSHFLILFDWLRQ DQG SURFXUHPHQW x 0RWRU FRQWURO FHQWUH GHVLJQ x /9 DQG +9 VZLWFKJHDU x 3/ VRIWZDUH VVWHPV x 5HPRWH FRQWURO DQG GDWD ORJJLQJ x DEOH LQVWDOODWLRQ GHVLJQ x 3RZHU GLVWULEXWLRQ x )DXOW ULVN DQDOVLV DQG x 0 ( SURMHFWV +GUDXOLF 2XU KGUDXOLF HQJLQHHUV KDYH H[SHULHQFH LQ GHVLJQLQJ +GUDXOLF DQG RWKHU IOXLG UHODWHG VVWHPV IRU XVH RQ HTXLSPHQW VXSSOLHG WKURXJKRXW WKH ZRUOG 7SLFDO GHVLJQV LQFRUSRUDWH WKH IROORZLQJ IHDWXUHV x 3UHFLVH SUHVVXUH DQG IORZ FRQWURO x 3XPS 0RWRU VHOHFWLRQ DQG VSHFLILFDWLRQ x LUFXLW GHVLJQ DQG FRPSRQHQW VHOHFWLRQ x 3URSRUWLRQDO FRQWURO VVWHPV DQG x ORVHG DQG RSHQ ORRS KGURVWDWLF GULYHV 2WKHU WSHV RI VVWHPV GHVLJQHG LQFOXGH IXHO SXPSLQJ DQG PHWHULQJ FRROLQJ OXEULFDWLRQ DQG VOXUU SXPSLQJ :H WDNH SULGH LQ SURYLGLQJ D SURIHVVLRQDO UHOLDEOH DQG FRVW HIIHFWLYH VHUYLFH RI WKH KLJKHVW TXDOLW DQG LQWHJULW ZKLOVW PHHWLQJ WKH KLJKHVW VDIHW VWDQGDUGV VDIHW LV RXU ILUVW SULRULW 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

56. ID[

58. 7HVWLQJ DQG RPPLVVLRQLQJ 'DY0DUNKDP¶V VWDII KDYH H[SHULHQFH RI ZRUNLQJ RQ D ZLGH UDQJH RI HTXLSPHQW ZKLFK FRPELQHG ZLWK WKHLU GHVLJQ EDFNJURXQG SURYLGHV WKH LGHDO FRPELQDWLRQ RI SUDFWLFDO DQG WHFKQLFDO VNLOOV QHFHVVDU IRU WKLV WSH RI ZRUN 7SLFDO DFWLYLWLHV LQFOXGH x 6KRS DQG VLWH WHVWLQJ DQG FRPPLVVLRQLQJ x 6XSHUYLVLRQ RI VXEFRQWUDFW VSHFLDOLVWV x 3URGXFWLRQ RI WHVW VFKHGXOHV x )DXOW ILQGLQJ DQG x $FFHSWDQFH WHVWV 7HVWLQJ DQG FRPPLVVLRQLQJ ZRUN FRYHUV WKH IXOO UDQJH RI GLVFLSOLQHV LQFOXGLQJ x 0HFKDQLFDO HTXLSPHQW x (OHFWULFDO VVWHPV DQG x +GUDXOLF VVWHPV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

59. ID[

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x 0,* DQG 0$* x )OX[ RUHG $UF x 6XEPHUJHG $UF x 7,* x 6WLFN x 3XOVH $UF DQG 677 DQG x 6WULS ODGGLQJ 6HYHUDO RYHUKHDG FUDQHV XS WR D PD[LPXP RI 7RQQHV VHUYLFH WKH )DEULFDWLRQ 6KRS :KHUH KHDYLHU SLHFHV UHTXLUH ZHOGLQJ WKH ZRUN LV FDUULHG RXW LQ WKH PDFKLQH RU DVVHPEO EDV ZKHUH FUDQHDJH UHDFKHV 7RQQHV 7KH IDEULFDWLRQ VKRS HTXLSPHQW LQFOXGHV x [ 1 SURILOH EXUQLQJ PDFKLQHV x [ KHDY SODWH µ%URQ[ 5ROO¶ EHQGLQJ PDFKLQH x [ 7 +GUDXOLF 3UHVV x [ 7 6LGH 3UHVV x /DUJH VDZ JXLOORWLQH DQG SRUWDEOH GULOOHUV x [ YDULRXV ZHOGLQJ PDFKLQHV x 9DULRXV ZHOGLQJ 3RVLWLRQHUV DQG 5RWDWRUV XS WR 7 x *DV DQG HOHFWULF SUHKHDWLQJ HTXLSPHQW DQG x 7ZR ODUJH PRGHUQ +HDW 7UHDWPHQW RYHQV Pñ DQG Pñ DUH XVHG IRU SRVW ZHOG VWUHVV UHOLHI DW WHPSHUDWXUHV XS WR ƒ 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

62. ID[

64. 6XUIDFH WUHDWPHQW RI IDEULFDWLRQV DQG PDFKLQHG FRPSRQHQWV FRPSULVHV RI 6KRW EODVWLQJ DQG 3DLQWLQJ 7KLV LV FDUULHG RXW LQ D GHGLFDWHG DGMDFHQW VKRS FRQQHFWHG E UDLO OLQHV DQG FRQWDLQV WKH IROORZLQJ HTXLSPHQW x [ 7 RYHUKHDG FUDQH x [ P VKRWEODVWLQJ URRP SOXV SRUWDEOH XQLWV IRU ODUJHU SLHFHV x [ P SDLQWLQJ URRP ZLWK PDQXDO DLUOHVV VSUD SXPSV x $ ZLGH UDQJH RI SDLQWLQJ VVWHPV DUH LQ UHJXODU XVH DFFRUGLQJ WR FXVWRPHU UHTXLUHPHQWV 6SHFLDO FRDWLQJ VVWHPV VXFK DV PHWDOVSUDLQJ DQG HOHFWURSODWLQJ DUH FRQWUDFWHGLQ DV UHTXLUHG 7KH H[SHULHQFH RI WKH )DEULFDWLRQ 7HDP ZLWK KHDY SUHFLVLRQ IDEULFDWLRQV LV IRUPLGDEOH DQG XQLTXH ZLWKLQ (XURSH 7KH PDMRULW RI WKH WHDP KDYH ZRUNHG WRJHWKHU IRU PRUH WKDQ HDUV DQG WKHLU VXFFHVVHV LQFOXGH ZRUN IRU WKH IROORZLQJ LQGXVWULHV x +GUR 1XFOHDU DQG 3RZHU *HQHUDWLRQ x 0LQLQJ 7XQQHOOLQJ DQG :LQGLQJ HTXLSPHQW x DSLWDO 3ODQW IRU WKH 0HWDO 3URGXFLQJ ,QGXVWULHV x %ULGJH RQVWUXFWLRQ DQG 6WUXFWXUDO (QJLQHHULQJ x RPSRQHQWV IRU 6KLSEXLOGLQJ DQG RIIVKRUH LQGXVWULHV DQG x $HUR (QJLQH WHVWLQJ HTXLSPHQW 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

65. ID[

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

68. FRPSULVHV RI D PDFKLQH EHG ZKLFK FRYHUV KDOI RI WKH HQWLUH ED P [ P

69. 7KLV XQLTXH IDFLOLW HQDEOHV YHU ODUJH FDVWLQJV DQG IDEULFDWLRQV WR EH PDFKLQHG ZLWK PLQLPDO VHWXS WLPH 7KH KXJH EHG SODWH LV VXUURXQGHG E 1 UDP ERUHUV PDFKLQLQJ WR H[DFWLQJ WROHUDQFHV DOO ODUJH ZRUN SLHFHV FDQ WKHUHIRUH EH PDFKLQHG ZLWK SUHFLVLRQ DQG DUH JRYHUQHG RQO E WKH ZHLJKW OLPLWV RI WKH RYHUKHDG FUDQHV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

70. ID[

72. .H VWDWLVWLFV IRU PDFKLQLQJ IDFLOLWLHV 0DFKLQH WSH 1XPEHU RI DSDFLW PD[

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

74. ID[

76. 6HUYLFHV 6KRS DVVHPEO 'DY0DUNKDP¶V DVVHPEO ED SURYLGHV WKH LGHDO IDFLOLW IRU WKH WULDO HUHFWLRQ RI HTXLSPHQW ,Q DGGLWLRQ WR SURRI HUHFWLRQ 'DY0DUNKDP KDV WKH FDSDELOLW WR RIIHU x 3UHVVXUH 7HVWLQJ RI $XWRPRWLYH *DXJH RQWURO $*

77. DSVXOHV x )XQFWLRQDO WHVW PRWRUV JHDUER[ DVVHPEOLHV x 3URRI WHVWLQJ RI DVVHPEOLHV LQWR KRXVLQJV x $OLJQPHQW FKHFNV DQG x )XOO GLPHQVLRQDO UHSRUWLQJ $ NH DVSHFW RI PDQXIDFWXULQJ ODUJH VWUXFWXUHV LV WKH DELOLW WR DVVHPEOH WKHP LQ D FRQWUROOHG HQYLURQPHQW WR YHULI WKDW WKH DVVHPEO PHHWV DOO LWV H[DFWLQJ WROHUDQFHV .H VWDWLVWLFV IRU WKH DVVHPEO DUHD DUH x 7RWDO IORRU VSDFH LV P [ P ZLWK ZRUNLQJ SLWV x 1R SLW LV P GHHS [ P ZLGH [ P ORQJ x 1R SLW LV P GHHS [ P ZLGH x :RUNLQJ KHDGURRP IURP SLW IORRU LV P x +HDGURRP IURP IORRU OHYHO WR KRRN RI FUDQH LV P DQG x UDQHDJH FDSDFLW RQ WKH OLQNHG FUDQH ZLWK EHDP LV 7 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

78. ID[

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¶V WKH FRPSDQ SDLG IRU WKH VWUHQJWKHQLQJ RI D QXPEHU RI URDG EULGJHV EHWZHHQ WKH 6KHIILHOG IDFWRU DQG WKH GHHSZDWHU GRFNV DW ,PPLQJKDP WR WDNH 7RQQH ORDGV ± DQ LQYHVWPHQW WKDW LV VWLOO SDLQJ GLYLGHQGV HDUV ODWHU 2QFH DW WKH GRFNVLGH WKH KDUERXU PDVWHU DQG 6KLS¶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

81. ID[

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¶ SUHPLVHV 7KLV ZRUN LV FDUHIXOO SODQQHG DQG LV FRQWUROOHG E RXU DFFUHGLWHG TXDOLW DQG HQYLURQPHQWDO FRQWUROV WRJHWKHU ZLWK RXU VWULFW DGKHUHQFH WR KHDOWK DQG VDIHW PDQDJHPHQW ,I HTXLSPHQW FDQQRW EH UHIXUELVKHG RQ VLWH LW LV WUDQVSRUWHG EDFN WR RXU ZRUNVKRSV LQ 6KHIILHOG 7R PDLQWDLQ HTXLSPHQW LQ LWV RULJLQDO FRQGLWLRQ WKH RPSDQ RIIHUV IOH[LEOH PDLQWHQDQFH FRQWUDFWV ZKHUH ZH KDYH TXDOLILHG HQJLQHHUV YLVLW WKH HTXLSPHQW DQG XQGHUWDNH DQ DJUHHG SURJUDP RI PDLQWHQDQFH DQG LQVSHFWLRQ 7KH HQJLQHHUV ZLOO DOVR UHSRUW RQ WKH FRQGLWLRQ RI NH FRPSRQHQWV DQG SURSRVH DGGLWLRQDO ZRUN RU WKH UHSODFHPHQW RI SDUWV WR HQVXUH XSWLPH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

84. ID[

86. 6HUYLFHV 5HFRQGLWLRQLQJ 6HUYLFH 'DY0DUNKDP RIIHUV RIIHU D GHGLFDWHG VHUYLFH LQ WKH LQVSHFWLRQ DQG UHSDLU RI PHFKDQLFDO HTXLSPHQW UHWXUQLQJ LW WR VHUYLFH LQ DQ µDV QHZ¶ FRQGLWLRQ 'DY0DUNKDP¶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± DW VLJQLILFDQWO UHGXFHG FRVWV FRPSDUHG ZLWK D UHSODFHPHQW 7KH VWHHO UROOLQJ LQGXVWU LV D NH FXVWRPHU IRU UHFRQGLWLRQHG SDUWV PDQ RI ZKLFK ZHUH RULJLQDOO PDQXIDFWXUHG LQ RXU ZRUNVKRSV RYHU WKH SDVW IHZ GHFDGHV 7SLFDO LWHPV WKDW ZH UHFRQGLWLRQ LQFOXGH 5ROOLQJ 0LOO 'ULYH 6SLQGOHV RXSOLQJV DQG KRFNV FRPSOHWH /HYHOOHU 5ROO DVVHPEOLHV $XWRPDWLF *DXJH RQWURO VVWHPV $*¶V

87. DQG *HDUER[HV :H KDYH HYHQ EURXJKW FRPSOHWH UROOLQJ PLOO KRXVLQJV EDFN WR RXU ZRUNVKRSV IRU UHSDLU UHIXUELVKPHQW DQG XSJUDGLQJ 7KH RPSDQ DOVR SURYLGHV UHFRQGLWLRQLQJ VHUYLFHV WR WKH )RUJLQJ 3UHVV PDUNHW :LWK D IHZ H[FHSWLRQV PDLQO DXWRPRWLYH DQG DHURVSDFH

88. QHDUO DOO RI WKH IRUJLQJ SODQW LQ WKH 8QLWHG .LQJGRP LV EHWZHHQ DQG HDUV ROG DQG UHTXLUHV RQJRLQJ PDLQWHQDQFH DQG YHU RIWHQ PDMRU DWWHQWLRQ ZKHQ NH FRPSRQHQWV IDLO WKURXJK IDWLJXH RU ZHDU 'DY0DUNKDP KDV D FOLHQW OLVW ZKLFK LQFOXGHV VRPH RI WKH OHDGLQJ LQWHUQDWLRQDO IRUJLQJ FRPSDQLHV ZLWK ZKRP ZH ZRUN FORVHO WR UHWXUQ ROG HTXLSPHQW WR D QHZ RU EHWWHU WKDQ QHZ ZRUNLQJ FRQGLWLRQ 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

89. ID[

91. 'DY0DUNKDP VXSSOLHV FRPSRQHQWV WR WKH TXDUULQJ LQGXVWU DOWKRXJK QRW RI 'DY GHVLJQ TXDUULQJ PDFKLQHU LV RI D VLPLODU VFDOH DV UROOLQJ PLOOV SUHVVHV DQG RWKHU YHU ODUJH SLHFHV RI SUHFLVLRQ HTXLSPHQW ± WKDW DUH VXEMHFWHG WR ODUJH RSHUDWLQJ IRUFHV LQ YHU KRVWLOH HQYLURQPHQWV 'DY0DUNKDP LV DEOH WR SURYLGH DQ H[SHULHQFHG DQG GHGLFDWHG SURMHFW PDQDJHU ZKR RYHUVHHV WKH IXOO UHIXUELVKPHQW SURFHVV )DVW7UDFN 6HUYLFH 'DY0DUNKDP¶V IDVWWUDFN VHUYLFH LV DYDLODEOH IRU KLJK SULRULW SURMHFWV WKDW QHHG WR EH WXUQHG DURXQG UDSLGO WR PHHW HPHUJHQF UHTXLUHPHQWV (DFK IDVWWUDFN SURMHFW KDV D GHGLFDWHG SURMHFW PDQDJHU DSSRLQWHG WR HQVXUH WKDW FXVWRPHU UHTXLUHPHQWV DUH PHW ± )DVWWUDFN FXVWRPHUV DOVR KDYH DFFHVV WR WKH 'DY0DUNKDP PHWDOOXUJLVWV DQG GHVLJQ WHDP ZKR DUH DEOH WR DGYLVH XSRQ x ,PSURYHPHQWV LQ PDWHULDO VHOHFWLRQ x ,PSURYHPHQWV LQ GHVLJQ DQG x /DWHVW PHWDO UHSODFHPHQW WHFKQLTXHV 7KHVH UHVRXUFHV HQDEOH XV WR KHOS HQVXUH WKDW WKH HTXLSPHQW XQGHUJRLQJ UHIXUELVKPHQW RU UHFRQGLWLRQLQJ KDV LPSURYHG RU RSWLPLVHG LQVHUYLFH SHUIRUPDQFH DQG PD[LPLVHG FXVWRPHU XWLOLVDWLRQ DOO DW VLJQLILFDQWO UHGXFHG FRVWV FRPSDUHG WR WKH PDQXIDFWXUHU RI QHZ FRPSRQHQWV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

92. ID[

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

95. ID[

97. 0DFKLQH DSDFLWLHV 0DFKLQH RQWURO 6VWHP 0D[ ZLGWK 0D[ +HLJKW 7UDYHO 7UDYHO 7UDYHO = 7UDYHO : 7DEOH 0DNHU EHWZHHQ RO XQGHU 6SLQGOH D[LV ; D[LV D[LV UDP D[LV EULGJH ORDG 3/$12 0,//,1* :DOGULFK 6LHPHQV 7RQQH :DOGULFK 6LHPHQV 6VWHP 7RQQH *$175 0,// $VTXLWK 6LHPHQV 1$ 7RQQH 0DFKLQH RQWURO 6VWHP 7DEOH 6L]H 5DP = 9HUWLFDO +RUL]RQWDO 7DEOH % $[LV 7DEOH 0DNHU PP

98. 6SLQGOH : D[LV ; $[LV 7UDYHO 5RWDU 7DEOH ORDG 5$0 %25(56 $VTXLWK '52 :RUNSODWH 1$ ,QILQLWH $VTXLWK +HLGHQKDLQ 1 :RUNSODWH 1$ ,QILQLWH $VTXLWK +HLGHQKDLQ 1 :RUNSODWH 1$ ,QILQLWH $VTXLWK '52 :RUNSODWH 1$ ,QILQLWH 6FKDUPDQQ +HLGHQKDLQ [ GHJ 7RQQH 0DFKLQH RQWURO 7DEOH 6L]H 5DP6SLQGOH 9HUWLFDO +RUL]RQWDO 7DEOH % $[LV 7DEOH 0DNHU 6VWHP PP

99. 7UDYHO PP

100. D[LV ; $[LV 7UDYHO 5RWDU 7DEOH ORDG +25,=217$/ %25(56 6FKDUPDQQ +HLGHQKDLQ [ GHJ 7RQQH 3DPD (6 1 [ GHJ 7RQQH (OJDPLOO +HLGHQKDLQ [ 1$ 1$ 7RQQH 0DFKLQH RQWURO 7DEOH GLD 0D[ 6ZLQJ 5DP 6WURNH 0D[ +HLJKW 7DEOH ORDG 0DNHU 6VWHP PP

101. :RUNSODFH XQGHU 7RRO 9(57,$/ %25(56 %HUWKLH] 5HDG RXW 7RQQH 6FKLHVV'HIULHV 6LHPHQV $[LV 7RQQH 6NRGD '52 7RQQH )URULHS )DQXF 7RQQH 5LFKDUGV 0DQXDO 7RQQH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

102. ID[

104. 0DFKLQH DSDFLWLHV 0DFKLQH RQWURO KXFN 6L]H 0D[ RYHU 0D[ RYHU 0D[ OHQJWK 7DEOH ORDG 0DNHU 6VWHP PP

105. VDGGOH PP

106. EHG EHWZHHQ VXSSOHPHQW FHQWUHV 7851,1* :RKOHQEHUJ 5 ' 0', 7RQQH :RKOHQEHUJ 6LHPHQV $[LV 7RQQH 9') 9% '52 7RQQH +LHGHQUHLFK 5HDG 2XWV 7RQQH %LQQV %HUU )DQXF WRQQH 0+3 )DQXF .J 0DFKLQH 0DNHU RQWURO 7DEOH 6L]H 6SLQGOH 7UDYHO 9HUWLFDO 7UDYHO 5DGLDO 6ZLQJ 0D[ 7DEOH ORDG 6VWHP PP

107. PP

108. +25,=217$/ '5,//,1* .LWFKHQ :DGH 1$ [ 5$',$/ '5,//,1* $UFKGDOH 1$ [ 1$ $VTXLWK 1$ 0DFKLQH 0DNHU RQWURO 6VWHP 7DEOH 6L]H PP

109. 0D[ +HLJKW 6WURNH PP

110. 0D[ 7DEOH ORDG 6/277,1* 5DYHQVEHUJ 0DQXDO [ 0DFKLQH 0DNHU 0D[ 3LWFK 0D[ 'LD 0D[ )DFH 0D[ :HLJKW 7DEOH %RUH GLD 0D[ WKRXJK :LGWK WDEOH *($5 +2%%,1* /LHEKHUU 02' WRQQHV /LHEKHUU 1 02' WRQQHV 0DFKLQH 0DNHU 0D[ 3LWFK 0D[ 'LD 0D[ )DFH :LGWK 6WDQGDUG +HOL[ $QJOHV *($5 3/$1,1* 6NHV ,QWHUQDO ( 02' '3

111. GRXEOH KHOLFDO VWUDLJKW VSXU ƒ'3 ƒ¶ 02'ƒ¶ # PD[ OHQJWK 02' 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

112. ID[

114. 7 3ODQR 0LOOLQJ ± :DOGULFK 7XUQLQJ ± :RKOHQEHUJ ± P VKDIWV 7 5DP %RUHU $ZDUG :LQQLQJ DVWLQJ 9HUWLFDO %RUHU %7+ P GLDPHWHU 9HUWLFDO %RUHU ± 6FKLHVV'HIULHV ± P GLDPHWHU %D PDFKLQH SODWH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

115. ID[

117. )DEULFDWLRQ DSDFLWLHV 0DFKLQH /HQJWK PP

118. 0LQLPXP 'LDPHWHU PP

119. 7KLFNQHVV PP

120. %URQ[ 5ROOV ORQJ %XUQLQJ 0F 1R ORQJ ZLGH %XUQLQJ 0F 1R ORQJ ZLGH 6WUHVV UHOLHYH ORQJ ZLGH KLJK 6WUHVV UHOLHYH ORQJ ZLGH KLJK 5DGLDO DUP ORQJ GLD *XLOORWLQH ZLGH WKLFN %URQ[ 5ROOV 1 %XUQLQJ 0DFKLQH :LGWK PP

121. /HQJWK PP

122. +HLJKW PP

123. 6KRW EODVW ERRWK 3DLQW ERRWK (QFORVHG 6KRW EODVW ERRWK 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

124. ID[

126. )DEULFDWLRQ DSDFLWLHV 0DFKLQH 6L]H DSDFLW 6DZ PP ORQJ PP VT 5DGLDO DUP GULOO PP UDG ; PP GLD 6LGH SUHVV VPDOO WRQV 6LGH SUHVV WRQV 6LGH SUHVV WRQV )ODW EHG SUHVV PP [ PP EHG VL]H WRQV :HOGLQJ SRVLWLRQHUV PP WR PP GLD WRQV WR WRQV SRUWDEOH )DEULFDWLRQ 7 )ODW EHG SUHVV 6WUHVV UHOLHYLQJ DQG QRUPDOLVDWLRQ 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

127. ID[

129. UDQHDJH DSDFLWLHV 4XDQWLW 7RQQDJH 0D[ +HLJKW %D 7 P %D 7 P %D )DEULFDWLRQ

130. 7 P %D )DEULFDWLRQ

131. 7 P %D )DEULFDWLRQ

132. 7 P %D 7 P %D 7 P %D 7 P %D 7 P %D 7 P %D 7 ZLWK %HDP P ZLWK %HDP %D 7 P %D 7 P %D 7 ZLWK %HDP P ZLWK %HDP 3DLQW VKRS 7 P P ZLWKRXW %RJLH

133. 7 P ³XQGHU KRRN´ IDFLOLW 7 7DQGRP /LIW 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

134. ID[

136. 6LWH )ORRU $UHDV )ORRU $UHD P

137. %D %D %D %D %D %D 6HFRQGDU )DEULFDWLRQ $UHD 3DLQW 6KRS 2IILFHV 7RRO 5RRP 5ROOHU 'RRU 'LPHQVLRQV 0D[LPXP GRRU GLPHQVLRQV :LGWK P

138. +HLJKW P

139. 0DLQ IDFWRU 6HFRQGDU IDEULFDWLRQ DUHD DQG SDLQW VKRS 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

140. ID[

142. /DURQGH 0LQH DQDGD 8QGHUJURXQG 0LQH XVWRPHU $JQLFR (DJOH /RFDWLRQ /DURQGH 0LQH 4XHEHF DQDGD HDU RI RPSOHWLRQ +RLVWV VXSSOLHG IW 'RXEOH 'UXP 3URGXFWLRQ +RLVW $JQLFR(DJOH 0LQHV DUH RQH RI 1RUWK $PHULFD¶V OHDGLQJ PLQHUDO H[SORUDWLRQ FRPSDQLHV ZLWK PRUH WKDQ HDUV H[SHULHQFH RI JROG PLQLQJ DQG SURGXFWLRQ ,Q RUGHU WR EHQHILW IURP LQFUHDVHG UHVHUYHV DW GHSWK WKH FRPSDQ GHFLGHG WR VXEVWDQWLDOO ERRVW SURGXFWLRQ DW WKHLU /DURQGH 0LQH LQ WKH 3URYLQFH RI 4XHEHF DQDGD 'DY0DUNKDP KDV EHHQ KHDYLO LQYROYHG LQ WKH UHQRYDWLRQ RI PDQ RI WKH /DURQGH PLQH KRLVWV JLYLQJ WKHP WKH FDSDFLW WR DFFRPPRGDWH $JQLFR¶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

143. ID[

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

146. ID[

148. 7RWWHQ 0LQH 6XGEXU DQDGD XVWRPHU 9DOH ,QFR /RFDWLRQ 7RWWHQ 0LQH 6XGEXU 2QWDULR DQDGD HDU RI RPSOHWLRQ +RLVW 6XSSOLHG 'RXEOH 'UXP 3URGXFWLRQ +RLVW )ROORZLQJ RQ IURP LWV ZHOO HVWDEOLVKHG WUDFN RI UHFRUG LQ WKH SURYLVLRQ RI PLQH KRLVWV WR 1RUWK $PHULFD 'DY0DUNKDP KDV UHFHQWO EHHQ UHVSRQVLEOH IRU WKH VXSSO RI D PLQH KRLVW IRU WKH QHZO UHRSHQHG 7RWWHQ QLFNHO PLQH LQ 6XGEXU DQDGD 7KH FRQWUDFW ZDV IRU D IXOO WXUQNH SURMHFW LQFOXGLQJ GHVLJQ PDQXIDFWXUH LQVWDOODWLRQ FRPPLVVLRQLQJ DQG WUDLQLQJ ZLWK $%% LQ 0RQWUHDO DQDGD VXEFRQWUDFWHG WR SURGXFH GULYHV DQG FRQWUROV 7KH FRPSDQ PDQXIDFWXUHG D IW GLDPHWHU GRXEOH GUXP KRLVW ZKLFK KDV WKH FDSDFLW WR KDXO WRQQHV RI RUH DQG XS WR WRQQHV RI URFN ZDVWH GDLO 7KH PLQH KRLVW LV GHVLJQHG WR KDXO QRW RQO IURP SUHVHQW GD GHSWKV RI DURXQG IW EHORZ JURXQG EXW DOVR KDV WKH FDSDFLW WR DFFRPPRGDWH IXWXUH PLQLQJ GHSWKV RI XS WR IW RU ó PLOHV XQGHUJURXQG RQFH WKH FXUUHQW UHVRXUFHV KDYH EHHQ H[KDXVWHG 7KH PLQH KDV D IXUWKHU OLIH H[SHFWDQF RI DSSUR[LPDWHO HDUV XVWRPHU 6DWLVIDFWLRQ )HHGEDFN RPPHQWV ³4XDOLW LV JRRG LQ ERWK GHVLJQ DQG ZRUNPDQVKLS´ ³DWHUHG ZHOO WR WKH FOLHQW¶V UHTXHVWV DQG DOZDV SUHVHQWHG RSWLRQV DOWHUQDWLYHV ZKHQHYHU SUREOHPV DURVH´ 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

149. ID[

151. P XWWHUKHDG IRU 'RXEOH 6KLHOG 7%0 XVWRPHU 7KH 5REELQV RPSDQ /RFDWLRQ 1DJDUMXQDVDJDU 5HVHUYH ,QGLD HDU RI RPSOHWLRQ 2Q FRPSOHWLRQ WKLV XWWHU +HDG IRUPV SDUW RI WKH 9HOLJRQGD 7XQQHO %RULQJ 0DFKLQH 7%0

152. ZKLFK LV WR ERUH D PHWUH IHHW

153. GLDPHWHU NP PLOHV

154. ORQJ WXQQHO 7KH ILQLVKHG ZHLJKW RI WKH XWWHU +HDG LV HVWLPDWHG DW WRQQHV $SSUR[LPDWHO SDUWV ZHUH FXW DQG IRUPHG IURP KHDY SODWH LQFOXGLQJ ZHDU SODWH DQG ZHOGHG WRJHWKHU WR IRUP WKLV FRPSOH[ IDEULFDWLRQ $OO WKH ZRUN LQFOXGLQJ ILQLVK PDFKLQLQJ DQG KHDW WUHDWPHQW ZDV FDUULHG RXW LQ RXU ZRUNVKRSV 7KH WXQQHO LV SDUW RI WKH $QGKUD 3UDGHVK JRYHUQPHQW¶V 3XOD 6XEEDODK 9HOLJRQGD 3URMHFW ZKLFK ZLOO EULQJ LUULJDWLRQ DQG GULQNLQJ ZDWHU WR WKH GURXJKWSURQH ,QGLDQ VWDWH 7KH 'RXEOH 6KLHOG PDFKLQH ZLOO EXUURZ XQGHUQHDWK ,QGLD¶V ODUJHVW WLJHU VDQFWXDU WKH 1DJDUMXQDVDJDU 5HVHUYH LQ $ 7%0 ZDV HOHFWHG LQ RUGHU WR PLQLPL]H VXUIDFH GLVWXUEDQFHV QRLVH DQG YLEUDWLRQ LQ WKH SURWHFWHG DUHD 7KH SURMHFW LV GXH IRU FRPSOHWLRQ E 'DY0DUNKDP KDYH PDQXIDFWXUHG XWWHU +HDGV DQG 6KLHOGV IRU D QXPEHU RI 7%0¶V LQ XVH ZRUOG ZLGH LQFOXGLQJ WKH KDQQHO 7XQQHO 5DLO OLQN WKH 1LDJDUD )DOOV +GUR 3RZHU 3URMHFW DQG WKH UHFHQW -LQSLQJ +GUR 3RZHU 3URMHFW LQ KLQD +LVWRULFDOO 0DUNKDP¶V PDQXIDFWXUHG FRPSOHWH 7%0¶V IRU WKH ZRUOG OHDGLQJ 7%0 PDQXIDFWXUHUV LQFOXGLQJ WKH PDFKLQHV XVHG RQ WKH KDQQHO 7XQQHO SURMHFW 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

155. ID[

157. 7RQQH 6FUHZ 3UHVV XVWRPHU 606 (XPXFR /RFDWLRQ %|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“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

158. ID[

160. PHWUH 3ODWH 0LOO +RXVLQJ 6WDQG XVWRPHU (VVDU 6WHHO /LPLWHG /RFDWLRQ +D]LUD :RUNV *XMDUDW ,QGLD HDU RI RPSOHWLRQ 7KLV ILYH PHWUH ± RQH VWDQG SODWH PLOO KRXVLQJ ZDV SURGXFHG E 'DY0DUNKDP IRU (66$5 6WHHO /WG 7KH SURMHFW¶V ILQDO GHVWLQDWLRQ ZDV IRU D QHZ VLWH DW WKH +D]LUD :RUNV LQ *XMDUDW ,QGLD DQG LWV VL]H PDWFKHG WKH ODUJHVW DOUHDG H[LVWLQJ SODWH PLOOV ZRUOGZLGH 7KH FRQWUDFW LQYROYHG WKH FRPSOHWH VXSSO RI IRXU KRXVLQJ SRVWV ZHLJKLQJ LQ DW WRQQHV HDFK DORQJ ZLWK WZR WRS EHDPV WRQQHV HDFK DQG WZR ERWWRP EHDPV DW WRQQHV D SLHFH 7KH FDVWLQJV VRXUFHG IURP ERWK WKH 8. DQG WKH ]HFK 5HSXEOLF ZHUH PDFKLQHG WR WKH H[DFWLQJ WROHUDQFHV UHTXLUHG E WKH FXVWRPHU WKHQ VKRS DVVHPEOHG DQG WHVWHG DOO DW 'DY0DUNDP¶V ZRUNVKRSV LQ 6KHIILHOG 8. 7KH SODWH ZDV GHOLYHUHG DQG LQVWDOOHG RQ WLPH DQG DGGLWLRQDO TXDOLW FRQWURO FKHFNV ZHUH FDUULHG RXW RQ VLWH DW WKH WLPH 7KH RQO GHOD WR WKH ZKROH SURMHFW ZDV UHJDUGLQJ VKLSSLQJ 'XH WR ORZ OHYHO ULYHU ZDWHU FDXVHG E VHYHUH GURXJKWV ZH ZHUH IRUFHG WR ZDLW XQWLO ZDWHU OHYHOV KDG ULVHQ DJDLQ EHIRUH EHLQJ DEOH WR VKLS WKH KRXVLQJ SRVWV WR WKHLU GHVWLQDWLRQ RQ ULYHU EDUJHV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

161. ID[

163. 7 %OLVV )RUJLQJ 3UHVV 5HIXUELVKPHQW XVWRPHU 6SHFLDO 0HWDOV :LJJLQ /LPLWHG /RFDWLRQ +HUHIRUG 8QLWHG .LQJGRP HDU RI RPSOHWLRQ :LWK D KLVWRU RI DOOR WHFKQRORJ JRLQJ EDFN RYHU HDUV LW ZDV D QDWXUDO FKRLFH IRU 6SHFLDO 0HWDOV :LJJLQ WR FKRRVH D FRPSDQ ZLWK DQ HTXDOO IRUPLGDEOH KLVWRU LQ WKH PHWDOV LQGXVWU ZKHQ LW FDPH WR UHFRQGLWLRQLQJ WKHLU 7RQQH µ%OLVV¶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

164. ID[

166. 6HYHUDO HQJLQHHULQJ VWXGLHV LQFOXGLQJ ' PRGHOOLQJ DQG ILQLWH HOHPHQW DQDOVLV VXSSRUWHG E VLWH LQVSHFWLRQ YLVLWV ZHUH FDUULHG RXW LQ RUGHU WR LGHQWLI WKH VFRSH RI UHIXUELVKPHQW DQG XSJUDGH 2QFH HVWDEOLVKHG RUGHUV ZHUH SODFHG IRU WKH ORQJHVW OHDG LWHPV WZR QHZ IRUJHG VWHHO FROXPQV ZHLJKLQJ 7 HDFK

167. DQG D SODQ ZDV FUHDWHG WR DFFRPSOLVK WKH SUHVV UHIXUELVKPHQW ZLWK WKH PLQLPXP DPRXQW RI GRZQWLPH RYHU D WZRZHHN SHULRG LQ 0D 0DQ RWKHU QHZ FRPSRQHQWV ZHUH UHTXLUHG LQFOXGLQJ WKUHH QHZ PDLQ UDPV QHZ EHDULQJV QHZ ³7HQWHF´ KGUDXOLF QXWV DQG D QHZ JUHDVH OXEULFDWLRQ VVWHP 7KH IL[HG DQG PRYLQJ FURVVKHDG FDVWLQJV ZHUH UHPRYHG IURP WKHLU IRXQGDWLRQV DQG UHPDFKLQHG DW 'DY0DUNKDP¶V IDFLOLW LQ 6KHIILHOG 7KH SUHVV ZDV UHWXUQHG WR SURGXFWLRQ DIWHU FRPPLVVLRQLQJ ZKLFK VDZ WKH LQWURGXFWLRQ RI IXUWKHU UHILQHPHQWV WR JXDUG DJDLQVW WKH LQWHQVH WKHUPDO HIIHFWV WKDW WKH SUHVV KDV WR HQGXUH GXULQJ DOPRVW FRQWLQXDO RSHUDWLRQ 7KH SUHVV UHFRQGLWLRQ ZDV WKH ILUVW SKDVH LQ D PXOWLPLOOLRQ SRXQG XSJUDGH IRU 6SHFLDO 0HWDOV :LJJLQ ZKLFK ZLOO XOWLPDWHO VHH D QHZ UDLOERXQG PDQLSXODWRU DQG D QHZ SXPS DQG FRQWURO VVWHP 6SHFLDO 0HWDO :LJJLQ KDV VHHQ D YDVW TXDOLW LPSURYHPHQW WR WKH IRUJLQJV SURGXFHG UHVXOWLQJ IURP WKH DFFXUDWH DOLJQPHQW RI WKH SUHVV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

168. ID[

170. %XWWHUIO 9DOYHV IRU 'UD[ 3RZHU 6WDWLRQ XVWRPHU H7HF (QJLQHHULQJ 6HUYLFHV /WG /RFDWLRQ 'UD[ 3RZHU 6WDWLRQ QHDU 6HOE 8QLWHG .LQJGRP HDU RI RPSOHWLRQ 7KH YDOYH ZDV PDQXIDFWXUHG IRU FRDOILUHG 'UD[ 3RZHU VWDWLRQ LQ WKH 8. 7KH YDOYH LV XVHG WR UHJXODWH WKH IORZ RI ZDWHU LQ WKH FRROLQJ VVWHP 7KLV SDUWLFXODU YDOYH LV LQ GLDPHWHU DQG RSHUDWHV DW D PD[LPXP SUHVVXUH RI EDU 7RQQHV IRUFH DFWLQJ RQ WKH YDOYH ERG LQWHUQDOO

171. 7KH YDOYH ZDV PDQXIDFWXUHG XVLQJ D QXPEHU RI GLIIHUHQW VWHHOV LQFOXGLQJ VWDLQOHVV VWHHOV DQG DOVR QRQIHUURXV DOORV $IWHU IDEULFDWLRQ WKH YDOYH ERG ZDV JLYHQ D SRVW ZHOG KHDW WUHDWPHQW WR FRQIHU GLPHQVLRQDO VWDELOLW $IWHU ILQDO PDFKLQLQJ DQG DVVHPEO WKH YDOYH ZDV SUHVVXUH WHVWHG WR PRUH WKDQ WZLFH WKH DFWXDO ZRUNLQJ SUHVVXUH EDU

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

173. ID[

175. 'LQRUZLJ 0DLQ 7DLOJDWH /LIWLQJ (TXLSPHQW XVWRPHU *( +GUR /RFDWLRQ 'LQRUZLJ 3RZHU 6WDWLRQ *ZQHGG :DOHV 8. HDU RI RPSOHWLRQ 'LQRUZLJ LV VLWXDWHG RQ WKH ERXQGDU RI WKH 6QRZGRQLD 1DWLRQDO 3DUN DQG LV WKH KRPH RI (XURSH V ODUJHVW SXPSHG VWRUDJH KGUR HOHFWULF SRZHU VWDWLRQ 7KH OLIWLQJ PDFKLQHU ZDV GHVLJQHG DQG VXSSOLHG E 'DY0DUNKDP IRU OLIWLQJ DQG ORZHULQJ WKH PDLQ WDLOJDWHV IRU PDLQWHQDQFH SXUSRVHV 7KHUH DUH WKUHH WDLOJDWHV DQG WKH HTXLSPHQW LV GHVLJQHG IRU DVVHPEO DW DQ RI WKH WKUHH SRVLWLRQV WR HQDEOH OLIWLQJ RSHUDWLRQV WR EH FDUULHG RXW 7KH OLIWLQJ PDFKLQHU FRPSULVHV RI WZR PDLQ HOHPHQWV WKH IL[HG EHDP DVVHPEO DQG WKH PRYLQJ EHDP DVVHPEO 7KH IL[HG EHDP DVVHPEO FRPSULVHV D IDEULFDWHG VWUXFWXUDO EHDP GHVLJQHG WR VSDQ WKH DSHUWXUH DW JURXQG OHYHO ZKHQ WKH DFFHVV FRYHUV DUH UHPRYHG 7KH PRYLQJ EHDP DVVHPEO LV GHVLJQHG WR SURYLGH D VWDEOH OLIW IRU WKH JDWH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

176. ID[

178. 'UXP *DWH 5HIXUELVKPHQW 9,(: 2) '$0 *$7(6 3,7/2+5 9,(: 2) '$0 *$7( $,*$6 9,(: 2) '$0 *$7(6 /81,( 9,(: 2) '$0 %($11$+5$1 XVWRPHU 6FRWWLVK 6RXWKHUQ (QHUJ /RFDWLRQ 9DULRXV 'DPV LQ 6FRWODQG HDU RI RPSOHWLRQ ±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

179. ID[

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

182. ID[

184. *DWHVKHDG 0LOOHQQLXP %ULGJH XVWRPHU :DWVRQ 6WHHO /WG /RFDWLRQ 1HZFDVWOHXSRQ7QH 8QLWHG .LQJGRP HDU RI RPSOHWLRQ 4XDOLW LQ RQVWUXFWLRQ $ZDUGV ± 0HGLXP 3URMHFW RI WKH HDU $ZDUG %ULWLVK RQVWUXFWLRQ ,QGXVWU $ZDUGV ± LYLO (QJLQHHULQJ DWHJRU +LJKO RPPHQGHG 'HVLJQ )LUP 7KLV DZDUG ZLQQLQJ WRQQH VWHHO EULGJH LV VXSSRUWHG DW HDFK VLGH RQ D KLQJH DVVHPEO WR DOORZ WKH VWUXFWXUH WR EH URWDWHG WKURXJK GHJ UDLVLQJ WKH GHFN DQG DOORZLQJ WDOO VKLSV DFFHVV XSVWUHDP :RUNLQJ FORVHO ZLWK ERWK FLYLO DQG VWUXFWXUDO GHVLJQ WHDPV DORQJ ZLWK WKH *DWHVKHDG 0HWURSROLWDQ %RURXJK RXQFLO DQG WKH DUFKLWHFWV WKH FKDOOHQJH IRU 'DY0DUNKDP ZDV WR SURYLGH D VDIH DQG UHOLDEOH VVWHP WR DOORZ EULGJH PRYHPHQW XQGHU DOO ORDGLQJ FRQGLWLRQV $W WKH VDPH WLPH WKH HTXLSPHQW ZDV GHVLJQHG WR EH VPSDWKHWLF WR LWV VXUURXQGLQJV DQG SURYLGH D IRFDO SRLQW IRU WRXULVP LQWR WKH QH[W FHQWXU 'DY0DUNKDP¶V H[SHUWLVH DQG H[SHULHQFH LQ ODUJH FRPSOH[ URWDWLQJ VWUXFWXUHV KDV EHHQ HPSORHG WR GHVLJQ DQG VXSSO WKH RSHUDWLQJ DQG FRQWURO VVWHP IRU WKH EULGJH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

185. ID[

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³7KH +HOL[ %ULGJH´ 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

188. ID[

190. 9HUWLFDO DEOH /DLQJXS 0DFKLQH XVWRPHU 3LUHOOL DEOHV /WG /RFDWLRQ (ULWK /RQGRQ 8QLWHG .LQJGRP HDU RI RPSOHWLRQ 7KLV PDFKLQH IRUPV D FULWLFDO SDUW RI WKH QHZ SURFHVV OLQH IRU SURGXFLQJ +LJK ,QWHJULW 6XE6HD (OHFWULFDO DEOHV 7KH DEOH DURXVHO EULQJV WRJHWKHU DOO WKH LQGLYLGXDO HOHPHQWV RI WKH DEOH E PHDQV RI D YHUWLFDO ODLQJXS SURFHVV 'DY0DUNKDP ZHUH FRQWUDFWHG WR SURYLGH WKH ODUJH SUHFLVLRQ PDFKLQHG FRPSRQHQWV LQFOXGLQJ %HDULQJV DQG 'ULYHV ZKLFK IRUP WKH PDLQ HOHPHQWV RI WKH HTXLSPHQW DORQJ ZLWK WKH 2SHUDWLQJ DQG RQWURO 6VWHPV 7KH 0DLQ 7DEOH LV FDSDEOH RI VXSSRUWLQJ DQG URWDWLQJ WKUHH PDLQ DEOH 3DQV (DFK 3DQ LV P LQ GLD DQG FDQ DFFRPPRGDWH XS WR WRQQHV RI DEOH RUH DOORZLQJ WKH /DLQJ8S 3URFHVV WR SURGXFH ILQLVKHG DEOHV XS WR PP LQ GLD DQG NP LQ OHQJWK 7KLV HTXLSPHQW LV WKH ILUVW RI LWV NLQG DW WKLV VL]H WR EH XVHG DQG GHPRQVWUDWHV WKH DELOLW WR SURYLGH HQJLQHHULQJ VROXWLRQV WR FRPSOH[ SUREOHPV 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

191. ID[

193. 1XFOHDU 6KLHOG 'RRUV XVWRPHU .$7 1XFOHDU -9 /RFDWLRQ %R[ (QFDSVXODWLRQ 3ODQW %1)/ 6HOODILHOG 8QLWHG .LQJGRP 'DY0DUNKDP LQ MRLQW SDUWQHUVKLS ZLWK .$7 1XFOHDU GHVLJQHG DQG PDQXIDFWXUHG D 6KLHOG 'RRU IRU XVH LQ FORVLQJ RII WKH VWRUDJH YDXOWV LQ WKH %R[ (QFDSVXODWLRQ 3ODQW %(3

194. DW %1)/ 6HOODILHOG 7KH 6KLHOG 'RRU WUDYHOV RQ SQHXPDWLF DLU VNDWHV ZKLFK DUH DFWLYDWHG ZKHQ PRYHPHQW RI WKH 'RRU E WKH UDFN DQG SLQLRQ GULYH DVVHPEO LV QHFHVVDU 6HLVPLF UHVWUDLQWV DUH ILWWHG WR SURWHFW WKH 'RRU DQG VWUXFWXUH LQ WKH HYHQW RI D GHVLJQ EDVH HDUWKTXDNH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

195. ID[

197. +HDWKURZ $LUSRUW RQWURO 7RZHU XVWRPHU 6HYHUILHOG5RZHQ 5RZHQ 6WUXFWXUHV /WG :DWVRQ 6WHHO /WG /RFDWLRQ /RQGRQ 8QLWHG .LQJGRP HDU RI RPSOHWLRQ 'DY0DUNKDP¶V VFRSH RI VXSSO LQFOXGHG WKH IDEULFDWLRQ RI WZR SXUSRVHPDGH MLJV IRU XVH DW LWV 3ULQFH RI :DOHV 5RDG ZRUNV DQG :DWVRQ¶V /RVWRFN VLWH WKH PDFKLQLQJ RI SUHIRUPHG PP WKLFN VWHHO SODWHV WKH DVVHPEO RI WHQ P KLJK µFDQ¶ VHFWLRQV DQG WKH VWUHVV UHOLHYLQJ RI WKHVH DQG :DWVRQ VXSSOLHG XQLWV EHIRUH IDEULFDWLQJ WKH HLJKW PDLQ P VHFWLRQV DW DOO WLPHV ZRUNLQJ WR H[WUHPHO WLJKW WROHUDQFHV RI “PP ,W KDG DOVR XQGHUWDNHQ WKH VKRWEODVWLQJ DQG SDLQWLQJ WKH IDEULFDWLRQ RI MDFNLQJ DQG FRQQHFWLQJ IODQJHV LQWHJUDWHG LQWR WKH PDVW VHFWLRQV WKH PDQXIDFWXUH RI VWHHO WULSRGV WR ZKLFK WKH VXSSRUWLQJ FDEOH VWDV DUH DWWDFKHG DQG WKH VXSSO RI D PP WKLFN FDVW VWHHO EDVHSODWH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

198. ID[

200. :LQG 7XUELQHV :25.6 $66(0%/ 2) 1$(//( N: +25,=217$/ $;,6 :,1' 785%,1( N: 9(57,$/ $;,6 :,1' 785%,1( XVWRPHU 9HUWLFDO $[LV :LQG 7XUELQH RPSDQ 'LYLVLRQ RI 0F$OSLQHV

201. /RFDWLRQ 6RXWK :DOHV 8. 'DY0DUNKDP KDYH EHHQ LQYROYHG LQ D QXPEHU RI ZLQG WXUELQH SURMHFWV 7KH ILUVW LQYROYHG WKH GHVLJQ VXSSO DQG VLWH HUHFWLRQ RI WKH FURVV DUP DQG SRZHU WUDLQ IRU SURWRWSH N: YHUWLFDO D[LV ZLQG WXUELQH 7KH FRPSDQ DOVR GHYHORSHG D N: KRUL]RQWDO D[LV WKUHH EODGHG YDULDEOH VSHHG SLWFK FRQWUROOHG PDFKLQH 2WKHU ZRUN KDV LQFOXGHG YDOXH HQJLQHHULQJ H[HUFLVHV DQG FHUWLILFDWLRQ ZRUN 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

202. ID[

204. 4XDOLW $VVXUDQFH 4XDOLW 0DQDJHPHQW 6VWHPV DUH DQ LQWHJUDO SDUW RI RXU EXVLQHVV DQG WKH FRPSDQ TXDOLW SKLORVRSK DQG REMHFWLYHV DUH GHPRQVWUDWHG DQG VXSSRUWHG E DSSURYDO DQG FHUWLILFDWLRQ WR ,62 E WKH 8.$6 DFFUHGLWHG /ORGV 5HJLVWHU 4XDOLW $VVXUDQFH /54$

205. $SSURYDO FHUWLILFDWH /54 :HOGLQJ FRQWUROV DUH LQ DFFRUGDQFH ZLWK %6 (1 ,62 4XDOLW $VVXUDQFH 6VWHP IRU :HOGLQJ RQWURO

206. 7KH FRPSDQ VFRSH RI DSSURYDO FRYHUV DOO DVSHFWV RI RXU EXVLQHVV IURP WKH UHFHLSW RI WKH LQLWLDO FXVWRPHU HQTXLU WR WKH LQVWDOODWLRQ FRPPLVVLRQLQJ DQG RQJRLQJ VXSSRUW RI HTXLSPHQW VXSSOLHG 7KLV DFFUHGLWDWLRQ PHDQV WKDW RXU FXVWRPHUV FDQ EH FRQILGHQW WKDW ZH DUH IXOO FDSDEOH RI GHVLJQLQJ SURMHFW PDQDJLQJ IDEULFDWLQJ PDFKLQLQJ LQVWDOOLQJ DQG FRPPLVVLRQLQJ SURGXFWV WR WKHLU PRVW VWULQJHQW GHPDQGV DQG VSHFLILFDWLRQV 0HFKDQLFDO ,QVSHFWRUV )DEULFDWLRQ ,QVSHFWRUV DQG TXDOLILHG 4XDOLW (QJLQHHUV VXSSRUW WKH 4XDOLW $VVXUDQFH 6VWHP DQG HQVXUH FRPSOLDQFH ZLWK FXVWRPHU FRQWUDFWXDO UHTXLUHPHQWV WKURXJK WKH LPSOHPHQWDWLRQ RI DSSURYHG TXDOLW SODQV DQG DGKHUHQFH WR %ULWLVK(XURSHDQ DQG $PHULFDQ 6WDQGDUGV ,Q KRXVH DQG FRQWUDFW VSHFLILF ZHOG SURFHGXUHV DUH TXDOLILHG E VXSSRUWLQJ 3URFHGXUH 4XDOLILFDWLRQ 5HFRUGV DQG WKH RPSDQ HQVXUHV WKDW ZHOGHUV¶ DSSURYDOV DUH LQ DFFRUGDQFH ZLWK (1 DQG (1 (XURSHDQ 6WDQGDUGV 4XDOLW RQWURO,QVSHFWLRQ x ,Q KRXVH LQVSHFWLRQ SHUVRQQHO DQG PHDVXULQJ HTXLSPHQW x :HQ]HO 'LPHQVLRQDO ,QVSHFWLRQ /DRXW RRUGLQDWH PHDVXULQJ PDFKLQH 47 VRIWZDUH

207. x 4XDOLW 3ODQV LQFRUSRUDWLQJ ,QWHUQDO DQG XVWRPHU GHILQHG ,QVSHFWLRQ DQG 7HVW UHTXLUHPHQWV x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

208. ID[

210. 4XDOLW $VVXUDQFH 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

211. ID[

213. +HDOWK 6DIHW (QYLURQPHQWDO 3ROLF 6WDWHPHQW 'DY0DUNKDP /WG LV D GHVLJQ PDFKLQLQJ IDEULFDWLRQ DQG DVVHPEO FRPSDQ VSHFLDOLVLQJ LQ ODUJH WR YHU ODUJH FRPSRQHQWV XS WR 7

214. 7KLV GRFXPHQW VHWV RXW WKH FRPSDQ SROLF IRU LWV +HDOWK 6DIHW DQG (QYLURQPHQWDO DVSHFWV 7KH SROLF LV VHW WR LQIOXHQFH DOO RI WKH DFWLYLWLHV RI WKH EXVLQHVV DQG DOO SHRSOH FRQQHFWHG ZLWK WKH EXVLQHVV 7KURXJK RSHUDWLRQ RI WKLV SROLF D VWURQJ VDIH DQG VXVWDLQDEOH EXVLQHVV ZLOO EH FUHDWHG +HDOWK VDIHW HQYLURQPHQWDO +6 (

215. DVSHFWV RI WKH EXVLQHVV KDYH HTXDO SULRULW DQG LPSRUWDQFH WR RWKHU EXVLQHVV LVVXHV DQG DUH FRQWUROOHG ZLWKLQ WKH PDQDJHPHQW VVWHPV RI WKH FRPSDQ 'DY0DUNKDP FRPPLWV WR x FRPSO ZLWK DOO UHOHYDQW +6 ( OHJLVODWLRQ DQG RWKHU DSSOLFDEOH UHTXLUHPHQWV x IRUPDOO UHYLHZ WKH KHDOWK VDIHW HQYLURQPHQWDO LPSDFWV RI DOO DFWLYLWLHV DQQXDOO x LPSURYH WKH RYHUDOO KHDOWK VDIHW HQYLURQPHQWDO SHUIRUPDQFH FRQWLQXRXVO LQFOXGLQJ PRQLWRULQJ SHUIRUPDQFH DQG DXGLWLQJ x SUHYHQW DFFLGHQWV LOO KHDOWK DQG SUHYHQW SROOXWLRQ x LQYROYH DOO HPSORHHV LQ WKH +6 ( SURJUDPPHV DQG DGGUHVV WKH QHHGV RI LWV VWDNHKROGHUV x SURYLGH LQGLYLGXDOV ZLWK D OHYHO RI WUDLQLQJ WR HQDEOH WKHP WR RSHUDWH VDIHO DQG HIIHFWLYHO x PHDVXUH GRFXPHQW LWV VDIHW HQYLURQPHQWDO SHUIRUPDQFH x UHGXFH ZDVWH LPSURYH WKH HIILFLHQF RI XVH RI QDWXUDO UHVRXUFHV LQFOXGLQJ HQHUJ ZDWHU x FRQVXOW ZLWK XQLRQV HPSORHHV LQ RUGHU WR PDLQWDLQ D VDIH KHDOWK ZRUNLQJ HQYLURQPHQW x PDNH WKLV SROLF DYDLODEOH WR DOO LQWHUHVWHG SDUWLHV LQ WKH SXEOLF GRPDLQ (YHU HPSORHH PXVW ZRUN VDIHO DQG ZLWK HQYLURQPHQWDO UHVSRQVLELOLW DQG WKURXJK WKHVH SULQFLSOHV PDLQWDLQ WKH KHDOWK VDIHW ZHOIDUH RI DOO SHRSOH WKDW PD EH DIIHFWHG E WKH DFWLYLWLHV RI WKH FRPSDQ LQFOXGLQJ ZRUN FROOHDJXHV YLVLWRUV FRQWUDFWRUV DQG WKH SXEOLF (PSORHHV DUH H[SHFWHG WR IROORZ DSSURYHG ZRUN SURFHGXUHV DQG XVH DOO DSSURSULDWH SURWHFWLYH HTXLSPHQW SURYLGHG 7KH 'LUHFWRUV FRPPLW WKH UHVRXUFHV LQFOXGLQJ WUDLQLQJ QHFHVVDU WR HQVXUH HYHURQH FRQQHFWHG WR WKH EXVLQHVV XQGHUVWDQGV x WKHLU 'XW RI DUH IRU ERWK KHDOWK DQG VDIHW DQG WKH HQYLURQPHQW x WKHLU UHVSRQVLELOLWLHV XQGHU WKH +HDOWK 6DIHW :RUN $FW

216. x WKHLU UHVSRQVLELOLWLHV XQGHU WKH (QYLURQPHQWDO 3URWHFWLRQ $FW

217. x WKHLU UROH UHVSRQVLELOLW DQG DXWKRULW LQ WKH RUJDQLVDWLRQ 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

218. ID[

220. 7KH %RDUG RI 'LUHFWRUV RI 'DY0DUNKDP /WG VXEVFULEHV WR WKH SULQFLSOH RI 6HQVLEOH 5LVN 7KH FRPSDQ GHSORV VVWHPV SURFHVVHV DQG SUDFWLFHV WKDW DUH SUDFWLFDEOH LH WKDW NHHS HPSORHHV FRQWUDFWRUV YLVLWRUV DQG SXEOLF VDIH DQG KHDOWK PHDQZKLOH JHQHUDWLQJ SURILW WR PHHW WKH FRPSDQ¶V FRQWLQXDO LQYHVWPHQW DQG UHGHYHORSPHQW QHHGV 7KH 0DQDJLQJ 'LUHFWRU LV UHVSRQVLEOH IRU WKLV SROLF WKH RYHUDOO PDQDJHPHQW VVWHPV 2EMHFWLYHV DQG 7DUJHWV DQG 0DQDJHPHQW $FWLRQ 3ODQV WKDW DUH VHW UHYLHZHG DQQXDOO $ PDQDJHPHQW VWUXFWXUH GLVWULEXWLQJ UHVSRQVLELOLW DQG DXWKRULW RYHU WKH GLIIHUHQW DVSHFWV RI WKH EXVLQHVV WR QDPHG LQGLYLGXDOV KDV EHHQ HVWDEOLVKHG 6LJQHG $ .HYLQ 3DUNLQ 0DQDJLQJ 'LUHFWRU 'DY0DUNKDP /WG 7XHVGD 0DUFK 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

221. ID[

223. 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

224. ID[

226. 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

227. ID[

229. (TXDO 2SSRUWXQLWLHV 6WDWHPHQW 'DY0DUNKDP LV DQ (TXDO 2SSRUWXQLWLHV (PSORHU $OO LQGLYLGXDO DSSRLQWPHQWV DUH PDGH RQ WKH EDVLV RI PHULW DQG VXLWDEOH FDQGLGDWHV ZLOO EH FRQVLGHUHG UHJDUGOHVV RI UDFH VH[ FRORXU KDQGLFDS RU UHOLJLRQ 7KH RPSDQ¶V RQO FRQVLGHUDWLRQ LV DQ DELOLW WR GR WKH MRE LQ TXHVWLRQ .HYLQ 3DUNLQ 0DQDJLQJ 'LUHFWRU 'DY0DUNKDP /LPLWHG 7RWDO (QJLQHHULQJ DSDELOLW /DVW XSGDWHG 'DY0DUNKDP /LPLWHG 3ULQFH RI :DOHV 5RDG 'DUQDOO 6KHIILHOG 6 (; 8QLWHG .LQJGRP WHO

230. ID[

DavyMarkham Brochure

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (18)

Andere mochten auch

Andere mochten auch (18)

Ähnlich wie DavyMarkham Brochure

Ähnlich wie DavyMarkham Brochure (20)

Kürzlich hochgeladen

Kürzlich hochgeladen (20)

DavyMarkham Brochure